712 FRANKLIN BLVD TX 78751
| Owner | LEE KYOUNGKOO & NAMKYOUNG |
|---|---|
| Parcel ID | 0226070625 |
| Short ID | 226618 |
| Type | Real |
| Use Code | 03 Triplex |
| Valuation | Income |
| Improvement SF | 4,543 SF |
| Land SF | 7,747 SF |
| Acres | 0.178 |
| Year Built | 2005 |
| Legal | LOT 39 NORTHFIELD ADDN |
| Neighborhood | Y1005 |
| Land | $434,943 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $434,943 |
| Improvement | $651,247 |
|---|---|
| Total Improvement | $651,247 |
| Market | $1,086,190 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,086,190 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,086,190 |
| Taxable Value | $1,086,190 |
|---|
Appreciation: Market value has risen +3.8% from $1,046,016 (2021) to $1,086,190 (2025), a CAGR of 0.9% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2021→2022), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Multi-Family parcel countywide rose +19.0%, so this parcel has lagged the broader multi-family market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $22,229. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Multi-family residential. This is valued using the income approach, so changes in rent roll or occupancy move the appraisal more directly than they would for a cost-approach property.
Value Composition: Land carries 40% of market value ($434,943 land vs $651,247 improvements), about $56/SF of land. Most value sits in the improvements, so building condition, age (~21 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,086,190, this parcel sits in the top quartile (≥75th percentile) of Multi-Family property in Travis County — county median $519,086 (P25 $438,150 / P75 $747,031, n=12,570). Multi-Family here is the broad TCAD category — every multi-family property countywide, any size or use — not a use-code-specific peer group. See the Peer Set and the Where This Property Stands benchmark below, which narrows to this property's actual use code, for parcel-level comparables.
Forward Outlook: Holding the +2.3% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $1,315,846 by 2031, with an estimated annual tax burden around $24,787. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
No delinquent taxes on record.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 4,543 SF | ✗ |
| 2ND | 2nd Floor | 2,704 SF | ✓ |
| 041 | GARAGE ATT 1ST F | 1,417 SF | ✓ |
| 1ST | 1st Floor | 1,200 SF | ✓ |
| 3RD | 3rd Floor | 639 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 269 SF | ✗ |
| 012 | PORCH OPEN 2ND F | 62 SF | ✗ |
| 251 | BATHROOM | 8 SF | ✓ |
Estimate only. The appraisal district sets value as of Jan 1 (not at sale price). A sale is strong evidence of market value and is typically reflected in the next Jan 1 valuation. Taxing units set rates annually. Modeled from government data — not a legal or tax opinion.
| Entity | 2021 Rate | 2022 Rate | 2023 Rate | 2024 Rate | 2025 Rate | YoY (2024→25) | Amt Due | Amt Paid | Balance |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $10,049.43 | $10,049.43 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,691.82 | $5,691.82 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,082.39 | $4,082.39 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,281.95 | $1,281.95 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,123.12 | $1,123.12 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $22,228.71 | $22,228.71 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $10,049.43 | 45.2% |
| CAT City of Austin | 0.5240% | $5,691.82 | 25.6% |
| TCO Travis County | 0.3758% | $4,082.39 | 18.4% |
| THD Travis Central Health | 0.1180% | $1,281.95 | 5.8% |
| ACT Austin Community College | 0.1034% | $1,123.12 | 5.1% |
| Total | 2.0465% | $22,228.71 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,173,199 | $1,086,190 | +8.0% |
| Assessed Value | $1,173,199 | $1,086,190 | +8.0% |
| Land Value | $380,575 | $434,943 | -12.5% |
| Improvement Value | $792,624 | $651,247 | +21.7% |
| Taxable Value | $1,173,199 | $1,086,190 | +8.0% |
| Total Tax 2026 = estimate |
~$24,009
Estimated
|
~$22,229
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $1,173,199 | $380,575 | $792,624 | — | $1,173,199 | $1,173,199 | Not yet — post-cert | Preliminary |
| 2025 | $1,086,190 | $434,943 | $651,247 | — | $1,086,190 | $1,086,190 | ~$22,229 | Partial |
| 2024 | $1,274,892 | $450,000 | $824,892 | — | $1,274,892 | $1,274,892 | $25,266 | Verified |
| 2023 | $1,378,254 | $450,000 | $928,254 | — | $1,378,254 | $1,378,254 | $24,936 | Verified |
| 2022 | $1,239,703 | $450,000 | $789,703 | — | $1,239,703 | $1,239,703 | $24,483 | Verified |
| 2021 | $1,046,016 | $275,000 | $771,016 | — | $1,046,016 | $1,046,016 | $22,768 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +8.0% | +8.0% | ~100% | Not available | Partial |
| 2025 | -14.8% | -14.8% | ~100% | Not available | Partial |
| 2024 | -7.5% | -7.5% | ~100% | No billing data | Verified |
| 2023 | +11.2% | +11.2% | ~100% | No billing data | Verified |
| 2022 | +18.5% | +18.5% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +3.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +8.0% | +3.1% | +2.3% | +18.5% | 2022 | -14.8% | 2025 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$22,229 | $23,936 | ~$24,487 | $25,266 | 2024 | $22,229 | 2025 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$1,200,434 | ~$1,200,434 | ~2.0139% | ~$24,176 | +2.3% |
| 2028 | ~$1,228,302 | ~$1,228,302 | ~1.9814% | ~$24,337 | +4.7% |
| 2029 | ~$1,256,816 | ~$1,256,816 | ~1.9488% | ~$24,493 | +7.1% |
| 2030 | ~$1,285,992 | ~$1,285,992 | ~1.9163% | ~$24,643 | +9.6% |
| 2031 | ~$1,315,846 | ~$1,315,846 | ~1.8837% | ~$24,787 | +12.2% |
| 2027 | ~$1,176,970 | ~$1,176,970 | ~2.0465% | ~$24,087 | +0.3% |
| 2028 | ~$1,180,754 | ~$1,180,754 | ~2.0465% | ~$24,164 | +0.6% |
| 2029 | ~$1,184,549 | ~$1,184,549 | ~2.0465% | ~$24,242 | +1.0% |
| 2030 | ~$1,188,357 | ~$1,188,357 | ~2.0465% | ~$24,320 | +1.3% |
| 2031 | ~$1,192,177 | ~$1,192,177 | ~2.0465% | ~$24,398 | +1.6% |
| 2027 | ~$1,223,898 | ~$1,223,898 | ~1.9977% | ~$24,449 | +4.3% |
| 2028 | ~$1,276,788 | ~$1,276,788 | ~1.9488% | ~$24,883 | +8.8% |
| 2029 | ~$1,331,964 | ~$1,331,964 | ~1.9000% | ~$25,308 | +13.5% |
| 2030 | ~$1,389,524 | ~$1,389,524 | ~1.8512% | ~$25,723 | +18.4% |
| 2031 | ~$1,449,572 | ~$1,449,572 | ~1.8024% | ~$26,127 | +23.6% |
In 2025, this property's market value of $1,086,190 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — +109% above the county median of $519,086. Multi-Family here is the broad TCAD category — every multi-family property countywide, any size or use — not a use-code-specific peer group. Use the Use Code filter above to narrow to this property's actual type.
| Year | This Property | Bottom 25% | Median | Top 25% | Position | Group YoY |
|---|---|---|---|---|---|---|
| 2025 | $1,086,190 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $1,274,892 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $1,378,254 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $1,239,703 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $1,046,016 | $353,349 | $436,046 | $657,886 | ↑ Top 25% | base yr |
| Source | What it provides | Coverage for this parcel | Confidence |
|---|---|---|---|
| TCAD Certified Appraisal Roll ↗ | Market, assessed, and taxable value; land/improvement split; exemptions | 2025 | Certified |
| Texas Comptroller Annual Jurisdiction Roll (AJR) | Prior-year market and taxable value | 2021–2024 | Verified |
| TCAD Preliminary Export ↗ | First-look 2026 appraisal value, subject to change at certification | 2026 (exported June 9, 2026; certifies July 25, 2026) | Preliminary |
| Travis County Rates History ↗ | Adopted tax rate for each of this parcel's taxing entities | 1990–2025 | Verified |
| TaxCurOpenData | Current-year (2025) tax billing, by taxing entity | 2025 | Partial |
| PIR bulk billing export | Prior-year tax billing, Travis County Tax Office | 2021, 2022, 2023, 2024 | Verified |
| Satellite imagery (Esri World Imagery) | Aerial view of the parcel | Located by geocoding this parcel's address — may not resolve for every address | — |